SEC Form 4 · accession 0001633917-18-000104
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Ready
Officer — EVP, Chief Operating Officer
Period of report
Apr 27, 2018
Accepted (ET)
May 1, 2018 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633917
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 27, 2018 | S | 8,800 | $75.4637 | D | 145,307 | D | |
| Common StockF1,F3 | Apr 27, 2018 | S | 1,200 | $76.2133 | D | 144,107 | D | |
| Common StockF1,F4 | Apr 27, 2018 | S | 44,685 | $75.0404 | D | 99,422 | D | |
| Common StockF1,F5 | Apr 27, 2018 | S | 17,315 | $75.9019 | D | 82,107 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F6 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 32,275 | 32,275 | D |
| Restricted Stock Units -10F9,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 50,300 | 50,300 | D |
| Restricted Stock Units -5F9,F10,F8 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -6F9,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 18,884 | 18,884 | D |
| Restricted Stock Units -8F9,F11,F8 | — | holding | — | — | — | — | — | Common Stock | 355,794 | 355,794 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F10The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on the one year anniversary date of the restricted stock unit and 25% each year thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- F11The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on the one year anniversary date of the restricted stock unit and quarterly thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- F2Represents the weighted average price of shares sold at prices that ranged from $75.06 to $75.93.
- F3Represents the weighted average price of shares sold at prices that ranged from $76.10 to $76.35.
- F4Represents the weighted average price of shares sold at prices that ranged from $74.56 to $75.56.
- F5Represents the weighted average price of shares sold at prices that ranged from $75.58 to $76.36.
- F6The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the grant and 1/48th per month thereafter.
- F7The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- F8Not applicable.
- F9Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.